How does completion and expansion capital from Ascendure work?

Who and what does Ascendure back?

Two kinds of owner: developers with a project ready to break ground or already under construction, and operating businesses with real assets or cash flow — hotels, villas, restaurants, gyms, clinics — that need capital to finish or to grow.

Ascendure does not take equity or a share of profit. Any upside belongs to the owner, and once the facility is repaid, the project is entirely theirs.

How large are the facilities, and how long do they run?

Typically USD 500,000 to USD 5 million per project, for 6 to 36 months.

Each one is assessed deal by deal rather than against a fixed ratio. Smaller facilities are possible, but legal set-up costs make them expensive relative to their size — see what it costs to set up a facility. There is an extension option of up to a further 12 months, and Ascendure aims to be fully repaid on a project within about four years.

How quickly will I get a decision?

About a week for an indicative decision, once the information pack is complete.

Ascendure then issues a detailed two-to-three-page indicative term sheet setting out the amount, structure, charges, security and process. After it is signed, Indonesian legal documentation takes three to four weeks, and the team visits the site and meets the owners in person before funds are released.

Facilities are not crowdfunded or syndicated, so there is no fundraising step between agreement and funding. See what documents are needed and how long the whole process takes.

How is the money paid out?

In stages, as the build progresses — but the full amount is committed from day one.

That full amount is based on the bill of quantities (the itemised cost list) or the contractor’s budget, so the build can start and never stop for lack of money. Each stage is released against a certificate from an independent quantity surveyor confirming the work is done. The money goes either directly to a single contractor or through a jointly controlled project account. There is no fee for committed amounts you have not yet drawn. See how staged release works.

What is the project account?

A cash management account (CMA) set up for the project jointly with Ascendure.

Facility drawdowns, buyer deposits and sales proceeds go in; contractor, supplier and marketing payments go out. Every transaction on the project is visible to both sides.

What security does Ascendure take?

• Freehold (Hak Milik) or HGB land: the land certificates are held by Ascendure’s notary for the life of the facility.
• Leasehold land: a lease novation agreement with the landowner, so that on default the lease transfers to Ascendure.
• The project company: security over the PT or PT PMA (the foreign-owned company), its fixed assets and its other assets.
• The project account, as above.
• A personal guarantee from the ultimate beneficial owner (the real person behind the company), depending on the sponsor.

For how each of these works under Indonesian law, see security over HGB land and a PT PMA. If several projects sit in one company, see why each project needs its own company. Information only.

How do I pay the facility back?

Mostly from sales, once the building is finished — and nothing is payable while it goes up.

During construction, the cost of the facility can be added to the facility from day one. Once construction is complete, sales proceeds in the project account repay the facility first; strong early sales can reduce the balance sooner. When the facility is repaid, every further sale is the owner’s. See repaying a facility from off-plan sales.

Can Ascendure fund land or pre-construction costs?

In part. For the purchase of freehold (Hak Milik) or HGB land — by Indonesian owners or foreign-owned companies — Ascendure can advance up to 50% of the land’s forced-sale value — what an independent valuer says it would fetch in a quick sale — with the rest from the owner’s own money. Design is paid for by the owner, ideally with sales launched so market reception is visible.

Where the land is paid for, a smaller pre-construction facility for permits (PBG, the building permit), design and marketing can sometimes be advanced against the land. A separate construction facility follows, with the legal and security work done once for both. See funding land and pre-construction costs.

Last reviewed October 2026. General information about the Indonesian market, not legal, tax or financial advice. Take advice from an Indonesian notary and legal counsel on any specific structure.